Flutter Entertainment (FLUT) Gross Margin (2023 - 2026)

Flutter Entertainment (FLUT) reported Gross Margin of 42.68% for Q1 2026, down 395.0% on a YoY basis from 14.47% in Q1 2025, and down 4.18% quarter-over-quarter from 44.54% in Q4 2025.

Flutter Entertainment (FLUT) Gross Margin (2023 - 2026) Analysis & Trends

Flutter Entertainment has reported Gross Margin for 4 years, with the latest figure at 42.68% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin fell 395.0% year-over-year to 42.68%; the trailing twelve-month figure through Mar 2026 stood at 44.25% (down 330.0% YoY), and the FY2025 full-year result was 45.19%, down 251.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 42.68%, down from 44.54% in the prior quarter.
  • The five-year high for Gross Margin was 50.32% in Q2 2023, with the low at 42.68% in Q1 2026.
  • Historically, Gross Margin has averaged 46.43% across 4 years, with a median of 46.63% in 2025.
  • Annual changes were most pronounced in 2024 — Gross Margin surged 200 bps — and 2026, when it sank 395 bps.
  • Flutter Entertainment's Gross Margin stood at 46.15% in 2023, then gained by 4 bps to 48.15% in 2024, then fell by 7 bps to 44.54% in 2025, then decreased by 4 bps to 42.68% in 2026.
  • The last three Gross Margin figures came in at 42.68% (Q1 2026), 44.54% (Q4 2025), and 42.86% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Flutter Entertainment 17.90 Bn 16.81 Bn 1.84 Bn 42.68%
2 DraftKings 13.03 Bn 12.02 Bn 696.69 Mn 42.32%
3 Churchill Downs 6.18 Bn 6.02 Bn 475.00 Mn 71.64%
4 Rush Street Interactive 2.98 Bn 2.81 Bn 132.17 Mn 35.69%
5 Brightstar Lottery 2.10 Bn 1.86 Bn 553.00 Mn 94.21%
6 Accel Entertainment 1.07 Bn 801.63 Mn 109.94 Mn 31.27%
7 Codere Online Luxembourg 539.90 Mn 470.47 Mn - -
8 Bragg Gaming 273.64 Mn 265.89 Mn 18.22 Mn 56.54%
9 Inspired Entertainment 234.31 Mn 190.81 Mn 54.60 Mn 95.45%
10 High Roller Technologies 50.40 Mn 47.74 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 42.68%
Dec 31, 2025 44.54%
Sep 30, 2025 42.86%
Jun 30, 2025 46.79%
Mar 31, 2025 46.63%
Dec 31, 2024 48.15%
Sep 30, 2024 46.06%
Jun 30, 2024 49.18%
Mar 31, 2024 47.22%
Dec 31, 2023 46.15%
Sep 30, 2023 45.82%
Jun 30, 2023 50.32%
Mar 31, 2023 47.19%